WBIY vs. GMMF
WBIY (WBI Power Factor High Dividend ETF) and GMMF (iShares Government Money Market ETF) are both exchange-traded funds - WBIY is a Mid Cap Value Equities fund tracking the Solactive Power Factor High Dividend Index, while GMMF is a Money Market fund actively managed by iShares. WBIY is passively managed, while GMMF is actively managed. Over the past year, WBIY returned 27.44% vs 3.84% for GMMF. At a correlation of -0.07, they often move in opposite directions. WBIY charges 0.97%/yr vs 0.20%/yr for GMMF.
Performance
WBIY vs. GMMF - Performance Comparison
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Returns By Period
In the year-to-date period, WBIY achieves a 10.76% return, which is significantly higher than GMMF's 1.47% return.
WBIY
- 1D
- 0.69%
- 1M
- 2.63%
- YTD
- 10.76%
- 6M
- 11.81%
- 1Y
- 27.44%
- 3Y*
- 17.19%
- 5Y*
- 9.29%
- 10Y*
- —
GMMF
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.47%
- 6M
- 1.74%
- 1Y
- 3.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WBIY vs. GMMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WBIY WBI Power Factor High Dividend ETF | 10.76% | 12.60% |
GMMF iShares Government Money Market ETF | 1.47% | 3.70% |
Correlation
The correlation between WBIY and GMMF is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025 | -0.07 |
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Return for Risk
WBIY vs. GMMF — Risk / Return Rank
WBIY
GMMF
WBIY vs. GMMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WBI Power Factor High Dividend ETF (WBIY) and iShares Government Money Market ETF (GMMF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| WBIY | GMMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.59 | ||
| Sortino ratioReturn per unit of downside risk | -83.00 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 24.62 | -23.29 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 128.79 | -124.63 |
| Martin ratioReturn relative to average drawdown | 10.49 | 1,307.33 | -1,296.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WBIY | GMMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 17.42 | -15.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 16.31 | -15.93 |
Drawdowns
WBIY vs. GMMF - Drawdown Comparison
The maximum WBIY drawdown since its inception was -48.71%, which is greater than GMMF's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for WBIY and GMMF.
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Drawdown Indicators
| WBIY | GMMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.71% | -0.03% | -48.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -0.03% | -6.60% |
Max Drawdown (3Y)Largest decline over 3 years | -19.37% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.97% | — | — |
Current DrawdownCurrent decline from peak | -1.15% | 0.00% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -7.11% | -0.00% | -7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 0.00% | +2.62% |
Volatility
WBIY vs. GMMF - Volatility Comparison
WBI Power Factor High Dividend ETF (WBIY) has a higher volatility of 3.67% compared to iShares Government Money Market ETF (GMMF) at 0.06%. This indicates that WBIY's price experiences larger fluctuations and is considered to be riskier than GMMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WBIY | GMMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 0.06% | +3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 8.92% | 0.14% | +8.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.07% | 0.22% | +14.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.51% | 0.24% | +18.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.65% | 0.24% | +22.41% |
WBIY vs. GMMF - Expense Ratio Comparison
WBIY has a 0.97% expense ratio, which is higher than GMMF's 0.20% expense ratio.
Dividends
WBIY vs. GMMF - Dividend Comparison
WBIY's dividend yield for the trailing twelve months is around 4.38%, more than GMMF's 3.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GMMF iShares Government Money Market ETF | 3.67% | 3.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WBIY WBI Power Factor High Dividend ETF | 4.38% | 4.73% | 4.57% | 4.87% | 4.40% | 3.94% | 5.10% | 4.54% | 3.25% | 5.84% | 0.01% |
Frequently Asked Questions
WBIY and GMMF have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WBIY has higher volatility (3.67%) compared to GMMF (0.06%). In terms of maximum drawdown, WBIY dropped -48.71% vs GMMF's -0.03%.
On 1-year performance, WBIY leads with 27.44% vs 3.84% for GMMF. On fees, GMMF is cheaper at 0.20% per year. On volatility, GMMF has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WBIY has performed better with a 27.44% return vs 3.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GMMF is cheaper with a 0.20% expense ratio, compared with 0.97% for WBIY.
WBIY has the higher dividend yield at 4.38%, compared with 3.67% for GMMF.
WBIY is categorized as Mid Cap Value Equities, while GMMF is Money Market. They also come from different issuers: WBI and iShares. Their fees differ too: 0.97% for WBIY and 0.20% for GMMF.
GMMF currently has the higher Sharpe Ratio (17.42 vs 1.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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